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NZ building consents rise 1.9 percent in February, propped up by retirement village units
March 28 (BusinessDesk) - New Zealand building consents rose 1.9 percent in February as an increased intentions to build retirement village units made up for a fall in new housing permits. The number of consents rose to a seasonally adjusted 1,592 from 1,563 in January, accord...
Government intervenes after Rio Tinto pressure on smelter power contracts
By Pattrick Smellie March 28 (BusinessDesk) - The New Zealand government is offering unspecified assistance to keep the Bluff aluminium smelter open in the short term, a move which could save next month's float of MightyRiverPower, but blows away its hands-off policy on state-ow...
Telecom seeks as much as $110M in annual savings from cutting up to 1,230 jobs
By Paul McBeth March 28 (BusinessDesk) - Telecom Corp, which today launched its new services over the ultrafast broadband fibre network, wants to strip out as much as $110 million in annual costs by cutting up to 1,230 jobs. The country's biggest phone company plans to reduce...
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